Tokenized index funds on Solana

Rank		What it tracks
1	Franklin Focused Growth ETFFFOGONIndex Funds	a focused US growth fund	$45.515	2.40%	—
2	Franklin Small Cap EnhancedFSMLXIndex Funds	Small Cap Enhanced ETF	$28.606	1.46%	—
3	Franklin U.S. Equity IndexUSPXXIndex Funds	Franklin US Equity ETF	$65.53	1.49%	—
4	Franklin U.S. Mid Cap Multi-FactorFLQMXIndex Funds	US Mid Cap Multifactor	$62.724	0.35%	—
5	Franklin US Large Cap Multifactor Index ETFFLQLONIndex Funds	US large-cap multifactor	$75.571	1.82%	—
6	Invesco QQQ TrustQQQXIndex Funds	the Nasdaq-100	$674.90	2.44%	$3.04M
7	Invesco QQQ TrustQQQONIndex Funds	the Nasdaq-100	$674.90	2.44%	—
8	iShares Core S&P 500 ETFIVVONIndex Funds	the S&P 500	$753.20	1.51%	—
9	iShares Core S&P Mid-Cap ETFIJHONIndex Funds	US mid caps	$73.404	1.34%	—
10	iShares Core S&P Small-Cap ETFIJRXIndex Funds	US small caps	$140.053	1.25%	—
11	iShares Core S&P Total US Stock Market ETFITOTONIndex Funds	the US stock market	$163.611	1.53%	—
12	iShares Russell 1000 Growth ETFIWFONIndex Funds	Russell 1000 growth	$114.017	2.33%	—
13	iShares Russell 2000 ETFIWMXIndex Funds	the Russell 2000	$276.119	1.74%	—
14	iShares Russell 2000 ETFIWMONIndex Funds	the Russell 2000	$276.119	1.74%	—
15	iShares Russell 2000 Value ETFIWNONIndex Funds	Russell 2000 value	$211.883	1.18%	—
16	SPDR S&P 500 ETF TrustSPYXIndex Funds	the S&P 500	$749.86	1.51%	$6.47M
17	SPDR S&P 500 ETF TrustSPYONIndex Funds	the S&P 500	$749.86	1.51%	—
18	Vanguard Growth ETFVUGXIndex Funds	US large-cap growth	$83.705	2.10%	—
19	Vanguard S&P 500VOOXIndex Funds	S&P 500 ETF	$689.27	1.52%	—
20	Vanguard Total Stock Market ETFVTIONIndex Funds	the US stock market	$369.058	1.54%	$285.76K
21	Vanguard Total Stock Market ETFVTIXIndex Funds	the US stock market	$369.058	1.54%	—
22	Vanguard Total World Stock ETFVTXIndex Funds	the world stock market	$154.469	1.29%	—
23	Vanguard Value ETFVTVONIndex Funds	US large-cap value	$228.422	0.83%	—
24	WisdomTree US Quality Dividend Growth FundDGRWONIndex Funds	US dividend growth	$97.724	1.17%	—

Tokens tracking broad-market and index ETFs, priced from on-chain trading on Solana.

Tokenized index fund prices

Tokenized index funds are tokens that track the price of an index ETF, such as a fund following the S&P 500, the Nasdaq-100, or the total US stock market. An issuer holds the fund's shares and issues tokens against them on Solana. You get the index fund's price movement in a self-custody wallet, not fund shares or shareholder rights.

What an index fund token tracks

An index fund holds the companies in an index, or a representative sample of them, according to the index's rules. The S&P 500 covers large US companies weighted by market value, the Nasdaq-100 leans toward large technology companies, and total-market funds reach into small and mid-sized companies as well.

A token tracking one of these funds follows the fund's share price, not the index level itself. The fund's fees and any tracking difference come with it, and the token adds its own layer: the issuer's arrangement, on-chain liquidity, and trading hours.

The same index from different issuers

One index fund can be tokenized by more than one issuer. The fund behind the tokens is identical, but the issuer, the legal structure, the redemption terms, and the on-chain liquidity are not. On a tokenized fund, a deeper market for one version can matter more than any difference in fees.

Index funds vs. leveraged index funds

Some funds track a multiple, or the inverse, of an index's daily move. Those leveraged and inverse funds reset every day and behave very differently from a plain index fund over any period longer than a day, so they sit in a separate category.

Tokenized index funds FAQ

What is a tokenized index fund?

A tokenized index fund is a token that tracks the share price of an index ETF, such as a fund following the S&P 500 or the Nasdaq-100. A third-party issuer holds the fund's shares and issues tokens against them on a blockchain like Solana. Holders get the fund's price exposure, but not fund shares or shareholder rights.

Can you hold the S&P 500 as a token?

Are tokenized equities the same as tokenized stocks?

Do tokenized index funds pay dividends?

Why can a tokenized index fund trade away from the fund's price?

Is a tokenized index fund the same as owning the ETF?

What is a tokenized index fund?

Can you hold the S&P 500 as a token?

Tokenized index funds let you hold the price exposure of an index such as the S&P 500 as a token in a crypto wallet. The token tracks an ETF that follows the index, and it's issued by a third party, not by the fund manager. Which index funds are tokenized on Solana changes as issuers list and delist tokens.

Are tokenized equities the same as tokenized stocks?

Tokenized equities is the umbrella term for tokens that track stocks and stock funds. A tokenized stock tracks one company's shares, while a tokenized index fund tracks an ETF holding many companies at once. Both give price exposure through a third-party issuer rather than shareholder rights, but the index fund spreads company-specific risk across the whole index.

Do tokenized index funds pay dividends?

Index funds pass on the dividends of the companies they hold, but token holders usually don't receive them as cash. Many issuers fold distributions into the token's scaling factor, so each token represents slightly more of the fund over time while your token count stays the same. The exact treatment depends on the issuer.

Why can a tokenized index fund trade away from the fund's price?

The token's price is set by on-chain trading, not by the fund. When US markets are closed there's no live fund price to follow, and when liquidity is thin a small swap can move the token's price. Both can open a gap between the token and the fund's last close until trading picks up again.

Is a tokenized index fund the same as owning the ETF?

No. Owning the ETF through a broker makes you a fund shareholder. A tokenized index fund is a separate token issued by a third party that tracks the fund's price, so you get the price exposure without shareholder rights or a direct claim on the fund's holdings. Redemption, where offered, follows the issuer's terms.

Broad market exposure in your own wallet

Swap SOL or USDC for tokenized index funds in Solflare and hold them in self-custody next to your crypto on Solana.

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Prices are volatile and can fall as well as rise, and index funds fall when the broad market falls. Tokenized index funds are issued by third parties and give price exposure rather than fund shares or shareholder rights; redemption terms are set by the issuer. Liquidity can be thin, especially outside US market hours. Availability varies by jurisdiction. Solflare is a wallet interface and does not issue, back, or custody these tokens. Nothing here is financial advice.